Zacks Investment Research upgraded shares of Panasonic (OTCMKTS:PCRFY) from a hold rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $16.00 price objective on the stock.
According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “
Separately, ValuEngine downgraded shares of Panasonic from a buy rating to a hold rating in a research note on Friday, December 1st.
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Panasonic Company Profile
Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.
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